Tuesday, November 6, 2018

CVS results beat on demand for prescription drugs, beauty products

CVS Health
CVS Health Corp’s third-quarter profit beat analysts’ estimates on Tuesday, as it benefited from higher sales of prescription drugs as well as consumer health and beauty products.

Quarterly same-store sales at front-end stores rose 0.8 percent in contrast to analysts’ expectation of a 0.8 percent drop despite brick-and-mortar drugstore chains like CVS coming under increasing pressure from consumer shift to online options.. . . more